Sensex and Nifty are currently trading at all-time highs. Investors are now eyeing stocks in the broader markets that can give them robust returns. Here we are telling you about 10 such small-cap stocks in which foreign investors have the highest stake.
New Delhi: The domestic stock market is currently at an all-time high. Blue chip large cap companies have a big hand in this strong performance of Sensex (Sensex) and Nifty (Nifty). But investors are now eyeing value stocks in the broader markets.
These include many stocks in the small-cap sector that can give spectacular returns to their investors. But there's also a risk. Many small investors want to build their portfolios on the lines of domestic institutional investors (DIIs) and foreign institutional investors (FIIs).
These investors are looking for stocks in which institutional investors have more investment. Here we are telling you about such stocks in which foreign investors have the highest investment. According to ACE Equity, multi-channel auto platform CarTrade Tech tops the list. According to the March quarter data, foreign investors hold 69.95 per cent stake in the small-cap company.
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The company has a market cap of Rs 2,242.6 crore. In the last financial year, the company's gross sales were Rs 364 crore and net profit was Rs 34 crore. Second on the list is Redington Ltd, a tech solutions provider with 60.50 per cent foreign stake. The company has a market cap of Rs 14,570 crore. Last year, its gross sales were Rs 79,377 crore and net profit was Rs 1,392 crore.
Who's on the list?
Chemical sector company Kiri Industries is at number three in this list. Foreign investors hold 46.53 per cent stake in it. The company has a market cap of Rs 1,447 crore. Piramal Pharma is fourth in this list with 39.28 percent foreign stake. Its market cap is Rs 10,841 crore.
Standard Industries is at number five in this list with 38.86 percent foreign stake. Its market value is Rs 157.4 crore. Foreign investors hold 38.83 per cent stake in housing financiers, 38.63 per cent in Aster DM Healthcare, 38.10 per cent in Sansera Engineering, 36.47 per cent in TeamLease Services and 36.19 per cent in Amara Raja Batteries.